The discount on Grayscale Bitcoin Trust (GBTC) has reached its lowest point this year, currently standing at 16.58% as of October 12th. This narrowing discount is closely linked to the impending deadline for the U.S. Securities and Exchange Commission (SEC) to file an appeal against its previous loss to the asset management firm. In August, […]
The Department of Justice (DOJ) has presented a clear narrative in the case against Sam Bankman-Fried. According to the DOJ, Bankman-Fried allegedly took billions of dollars from his customers and investors. He then instructed his close friends to engage in activities that facilitated his access to these funds. Bankman-Fried proceeded to gamble these billions on […]
France’s banking and insurance regulator, the ACPR, has released the findings of its public consultation on regulating decentralized finance (DeFi). The consultation highlighted the concentration of infrastructure with major cloud providers, raising concerns about operational vulnerability. The ACPR also noted the need for certifying smart contracts and regulating intermediaries and user interfaces. The feedback received […]
On October 13, the G20, an international forum for governments and central banks, unanimously adopted the G20 Finance Ministers and Central Bank Governors Communique during its meeting in Marrakesh, Morocco. The G20 accepted the regulatory roadmap proposed by the IMF and FSB in September, which advocates for comprehensive supervisory oversight of cryptocurrencies instead of a […]
The French Central Bank’s regulatory body, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), has published a summary of its public consultation on decentralized finance (DeFi). The consultation, which took place from April to May 2023, revealed surprising findings about the persistence of centralization in DeFi. The ACPR suggests that the term “disintermediated” finance […]
John E. Deaton, a prominent attorney in the XRP community, expressed his frustration with the lack of effectiveness in addressing the US Securities and Exchange Commission (SEC) through letters to its Chairman, Gary Gensler. Deaton took to X (formerly Twitter) to announce his intention to write a letter to the Financial Services Committee (FSC) criticizing […]
SEC Chair Gary Gensler is facing threats of compulsory process if the agency does not comply with oversight requests from the House Committee on Oversight and Accountability by October 19. Chairman James Comer accused the SEC of obstruction and demanded full cooperation, warning of forced compliance if all requested documents are not provided. The letter […]
The United States Securities and Exchange Commission (SEC) is approaching its deadline to appeal a court decision in favor of Grayscale Investments. The court ruled that the SEC must review Grayscale’s application for a spot Bitcoin fund. While it is unlikely that the SEC will appeal the decision, analysts believe there are still ways for […]
A commissioner from the United States Commodity Futures Trading Commission (CFTC) has criticized Voyager Digital for its mishandling of customer funds, resulting in the loss of billions of dollars. Commissioner Kristin Johnson accused Voyager of misleading practices, neglecting warning signs, and failing to conduct proper due diligence to protect customers. She stated that Voyager turned […]
The Bank for International Settlement (BIS) has launched a new crypto surveillance program called “Project Atlas” in collaboration with several European banks. The project aims to gather data for comprehensive transaction surveillance of international crypto asset flows. Project Atlas is currently in the pilot phase and involves the BIS, Eurosystem, De Nederlandsche Bank, and the […]
